BAKU, Azerbaijan, May 27. Azerbaijan plans to
increase access to finance for startups and micro, small and
medium-sized businesses (MSMEs), Trend reports.
This is reflected in the “State Program on expanding financial
inclusion for 2027-2030” approved by the President of the Republic
of Azerbaijan, Ilham Aliyev.
In order to support the development of entrepreneurship, it is
planned to expand access to financial sources – both debt and
equity instruments – for startups, entrepreneurial entities in the
early stages of development and growth-oriented micro, small and
medium-sized businesses (MSMEs).
The State Program notes that the Ministry of Digital Development
and Transport (MDD) and the Innovation and Digital Development
Agency have been identified as the main implementing agencies of
the measure. The implementation of the measures will cover the
years 2027–2028.
According to the document, at the initial stage, an assessment
of the demand for startup and growth capital will be carried out.
As an intermediate result, it is planned to offer special financial
mechanisms for startups and developing entrepreneurial
entities.
As a final result, it is aimed to eliminate financing
restrictions for startups, entrepreneurial entities in the early
stages of development and growth-oriented MSMEs.